Successful Grocery Store

Undisclosed Address, Maine
Business Opportunity for Sale
Catylist Listing ID: 30823694
Property Subtypes: Food and Beverage
Building Size (RSF): 15,000 SF
Sale Price: $6,250,000
Gross Revenue: $11,169,097 (Annual)
Cash Flow: $924,573 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 11/28/2022

Overview / Comments

Successful grocery store located in a popular year-round recreation area of Maine. This store reaps the benefit of being the only full service operation in the region and is patronized by year-round locals, seasonal residents, and tourists alike. In business for decades, the store achieves consistently strong sales with very little marketing effort.

Attachments & Media

Additional Details

Industry Segment: Grocery and Supermarkets
Reason for Selling: Retiring
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $45,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $3,000,000
Employee/Labor Description: 26 FT / 8 PT
Mgmt/Training Support Description: Two weeks
Competition/Market Description: Largest grocery store in the area with very little competition.
Growth/Expansion Opportunities: The retail portion of the building could benefit from an update to enhance the shopping experience. This, along with a brand refresh, could help to capitalize on the population growth the region is currently experiencing. Another opportunity is with marketing. The business has been – and continues to be – successful without doing so, but there is no online presence at the moment. Developing a marketing strategy may bring in new customers as well as provide increased awareness within the community.
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